Etienne Wong (Old Square Tax Chambers) provides a guide to the key points from the Labour government’s introduction of VAT on private school fees.
Here is a guide to ten key points from the Labour government’s introduction of VAT on private school fees:
1. Private school fees
VATA 1994 Sch 9 Group 6 Item 1 (the ‘education exemption’) exempts the provision by an ‘eligible body’ of either education or vocational training. A private school is an ‘eligible body’ for these purposes and the expectation was that the government would amend the definition of ‘eligible body’ so as to exclude private schools. It has not done this. Instead under the draft legislation published on 29 July 2024 (‘RR-Day’) a new Part 3 to Sch 9 would be introduced that would specifically exclude from the education exemption (i) the provision of education (other than in nursery classes) and (ii)...
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Etienne Wong (Old Square Tax Chambers) provides a guide to the key points from the Labour government’s introduction of VAT on private school fees.
Here is a guide to ten key points from the Labour government’s introduction of VAT on private school fees:
1. Private school fees
VATA 1994 Sch 9 Group 6 Item 1 (the ‘education exemption’) exempts the provision by an ‘eligible body’ of either education or vocational training. A private school is an ‘eligible body’ for these purposes and the expectation was that the government would amend the definition of ‘eligible body’ so as to exclude private schools. It has not done this. Instead under the draft legislation published on 29 July 2024 (‘RR-Day’) a new Part 3 to Sch 9 would be introduced that would specifically exclude from the education exemption (i) the provision of education (other than in nursery classes) and (ii)...
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